The Turpaz Industries group (TASE: TRPZ), a leading global company that develops, manufactures, markets, and sells fragrances, flavor solutions, and specialty fine ingredients, today announced the successful completion of an equity offering of approximately USD 98 million (NIS 330 million). The offering was executed at a price of USD 13.8 (NIS 46.5) per share and will be used to advance Turpaz’s combined growth strategy, combining organic growth with mergers and acquisitions.
The offering attracted strong demand from leading institutional investors.
Karen Cohen Khazon, CEO and Chairperson of Turpaz Group: “We are grateful for the trust and support shown by the institutional investors who chose to join us in our journey. This investment will strengthen the company’s capital structure and provide a solid foundation for the continued execution of our growth strategy, with the aim of creating significant and sustainable value for our shareholders.”
Recently, Turpaz reported record financial results for the first half and second quarter of 2025, with double-digit growth across all key metrics, including sales, operating profit, adjusted EBITDA, and net profit. The strong growth trend, which is intensifying in the third quarter, is expected to lead to an annual sales run rate of approximately USD 300 million (NIS 1 billion).
The company’s performance reflects the successful execution of its combined growth strategy and was further supported by five strategic acquisitions completed since the beginning of the year in the UK, Belgium, Poland, France, and India, which expanded its geographical footprint, strengthened its existing operations, and broadened its product portfolio.
